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Argentina Plan to Swap Savings
May Be Scrapped as Too Costly

BUENOS AIRES -- Argentina is having second thoughts about a plan to end a six-month banking crisis by exchanging some deposits for government bonds.

Presidential spokesman Eduardo Amadeo said the government had decided that proposals floated in recent weeks that involved handing over government bonds in exchange for most deposits would be too draining on state coffers. Economy Minister Roberto Lavagna also has failed to muster the...